Bitcoin broke the 61000 uptrend line and the 100-day moving average following the Federal Reserve's rate cut decision last Wednesday. Over the next four days, Bitcoin rallied 3% and found support near the key psychological level of 62000.
Currently, Bitcoin is hovering around 63500, as long as the 62000 support level is not broken, Bitcoin is expected to continue rising and retest the resistance level of 65000.
